Bitcoin Price Buoyant as China Tightens Capital Outflows

While Bitcoin price has been rather calm as of late, the return of Bitcoin volatility could be around the corner as China introduces new capital controls.

Also read: Bitcoin Price Pulls Back, But Hope for $800 and Beyond Still Strong

China Tightens Grip on Capital

Confirmation is coming out of China that new regulations are being placed on how businesses move capital in and out of the country. Considering the impact of China on Bitcoin, the price could be due for another spike. One source familiar with the matter told Reuters: